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Thailand: Tourism businesses set to soar in 2024

Businesses associated with tourism, health, lifestyle and digital software services are considered promising for the upcoming year, according to the Business Development Department of Thailand.
Thailand: Tourism businesses set to soar in 2024 ảnh 1Thai tourism businesses set to soar in 2024 (Photo: AFP/VNA)
Bangkok (VNA) - Businesses associated withtourism, health, lifestyle and digital software services are consideredpromising for the upcoming year, according to the Business DevelopmentDepartment of Thailand.

Auramon Supthaweethum, the department'sdirector-general, said the latest analysis of business trends based on thenumber and establishment rates, liquidation rates, registered capital increasesand external factors such as popularity trends, government policies andeconomic indices, indicates interesting growth trends in those four segmentsnext year.

She said tourism businesses should benefit fromsupporting factors such as government support measures, resulting in moreforeign arrivals.

Promising businesses in this category includerestaurants and food outlets, hotels, resorts, condos, guesthouses, tourguides, travel agencies, currency exchange, event management, and concerts.

For health businesses, she said the outlook isrosy for personal healthcare, including plant cultivation, herbs, hospitals,specialised clinics, retail/wholesale of drugs and medical supplies, elderly carefacilities, and accommodation services for the elderly.

Enterprises related to lifestyle are noteworthy because behaviourshave changed rapidly over the past 2-3 years, she said, adding several sunrisesectors include pet care services, retail and wholesale of pet food, recycling services,environmental consulting services, and the production of electric vehiclecomponents.

The digital services and software sector isprojected to have robust growth as it addresses the digitalisation andinnovation trends in both the public and private sectors, spanning all agegroups and holding high market value, she said.

Auramon said businesses with promise in thiscategory include e-commerce services such as online retail and marketplaces,digital payment processing and invoicing, online payment services for goods orservices, and web development, computer programming and software consultancy.

The trends indicate the promising businesses arelargely aligned with the recovery of the national and global economy,especially in areas that faced challenges during the pandemic, she said./.

VNA

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